TIDMSPA
RNS Number : 1701Y
1Spatial Plc
05 September 2022
5 September 2022
1Spatial plc
("1Spatial", the "Group" or the "Company")
Two significant customer wins demonstrate continuing US growth
and momentum
1Spatial, (AIM: SPA), a global leader in Location Master Data
Management (LMDM) software and solutions, is pleased to announce it
continues to make solid progress in the US, where it sees
significant new opportunities to bring its unique technology and
solutions to an expanding market.
The Group has secured a US$1.2m seven-year contract with the
State of Arkansas for its Next Generation 911 (NG911) solution, the
eighth US State to select the solution. 1Spatial has also been
selected by the Eastern Transportation Coalition (ETC) , a
partnership of 18 US east coast States and Washington DC, as a
vendor for conflation solutions within its Traffic Data Marketplace
(TDM), and has secured its first contract through the marketplace,
for US$400k with Massachusetts Department of Transportation. The
total potential contract value for conflation within this ETC
framework agreement is estimated to be up to US$15m over eight
years.
These repeatable solution sales contribute to the Group's
increasing levels of recurring revenue, and the healthy NG911 and
ETC pipeline further underpins the Group's positive financial
outlook.
Eighth US State takes up 1Spatial NG911 Solution
Following a competitive tender, Arkansas State selected
1Spatial's cloud based NG911 Solution, incorporating 1Spatial's
flagship 1Integrate and 1Data Gateway, to ensure compliance with
the NENA standard for 911 call processing. The seven-year contract
is expected to have a total value to 1Spatial of $1.2 million, with
$1.1m in relation to software licence annual recurring revenue. The
first four years' revenue amounting to $0.7m is committed, and the
following three years are under option. The win demonstrates
1Spatial's ability to bring its unique solution to the US, to help
providers achieve faster response times, which presents a major
opportunity for the business going forward.
First win under new framework agreement covering 18 US
States
The ETC coalition includes both potential new and existing State
customers. Each State's potential contract amount is valued based
on their linear miles of road network, with the total contract
value for conflation within the framework being approximately
US$15m over the eight-year period. 1Spatial's 1Integrate
rules-engine and Conflation Solution Rule Pack solutions are
available for use by the 18 US east coast States and Washington DC
within the coalition, to automate their traffic reporting processes
to ensure the safe and efficient management of the inter-regional
roadway system. 1Spatial will add exclusive value to this
framework, being the only vendor to offer conflation of data as a
repeatable automated rules-based solution.
Commenting on the new wins, 1Spatial CEO, Claire Milverton,
said:
"These are fantastic wins for 1Spatial, demonstrating our
expanding presence in the US market and offer further validation of
the size of this opportunity.
"Being selected by Arkansas State to deliver its NG911 system is
a great competitive win for us. Arkansas is now the eighth State so
far to choose our solution, demonstrating the value and uniqueness
of our proposition and reinforces our strategy to launch this as a
SaaS-based solution to US cities and counties later in the
year.
"We are proud to be using our automated rules-based technology
to ensure the safety and efficiency of the ETC states and it is
extremely encouraging to have already secured our first contract
through the framework with Massachusetts DOT.
"We are hugely excited about the further potential prospects in
the US that our innovative business applications bring."
For further information, please contact:
1Spatial plc 01223 420 414
Claire Milverton / Andrew Fabian
Liberum (Nomad and Broker) 020 3100 2000
Neil Patel / Cameron Duncan / Miquela Bezuidenhoudt
Alma PR 020 3405 0205
Caroline Forde / Hannah Campbell / Stephen 1spatial@almapr.co.uk
Samuel
About 1Spatial
1Spatial plc is a global leader in providing Location Master
Data Management (LMDM) software, solutions and business
applications, primarily to the Government, Utilities and Transport
sectors via the 1Spatial platform. Our solutions ensure data
governance, facilitating the efficient, effective and sustainable
operation of customers around the world. Our global clients include
national mapping and land management agencies, utility companies,
transportation organisations, government and defence
departments.
Today, when using and sharing trusted data provides significant
opportunities for businesses and governments to deliver against
important sustainability and Net Zero goals, our vision is clear -
to make the world safer, smarter and more sustainable by unlocking
the value in data, enabling better decisions and greater
insights.
The 1Spatial platform is a comprehensive set of data and system
agnostic LMDM software components which helps ensure master data is
compliant, current, complete, consistent, and coordinated - and
that customers can be confident it will remain that way as it
evolves. It allows them to master their data on any device,
anywhere, anytime and can be deployed as SaaS in the cloud,
on-premise, or as a hybrid of both.
1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with
operations in the UK, Ireland, USA, France, Belgium, Tunisia, and
Australia.
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